Baosteel issues its steel plate prices for August delivery

Major Chinese steelmaker Baosteel has issued its prices for steel plate for delivery in August. The details are as follows (comparisons are with July delivery prices):
 
1.   Prices of ordinary plate, boiler plate and container plate are down $32/mt.
 
2.   The price of shipbuilding plate is down $42/mt.
 
Accordingly, the price of Q235A14 20 mm plate has declined to $588/mt, the new price of Q345A14 20 mm low-alloy plate is at $613/mt, the price of Q245R14 20 mm boiler plate is now at $613/mt, the price of Q345R14 20 mm boiler plate has declined to $637/mt, while the price of CCSA14 20 mm shipbuilding plate is now at $629/mt.
 
All the above price changes are effective for deliveries from August 1 of the current year and exclude 17 percent VAT
 
$1 = RMB 6.15